Iron Ore in China | The Observatory of Economic Complexity

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Pricing

2021 - 2022
FASTEST GROWING MARKET $589MJapan

2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025

2022
Origin $324M Australia

2021 - 2022
FASTEST GROWING ORIGIN $324MSierra Leone

2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

Image 1

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Image 2

Image by Joe Hart
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Historical Data
Potential Exports

About

The fastest growing export markets for Iron Ore of China between 2021 and 2022 were Japan ($589M), Vietnam ($101M), and Serbia ($16.3M).

The fastest growing import markets in Iron Ore for China between 2021 and 2022 were Sierra Leone ($324M), Oman ($62.8M), and Estonia ($8.3M).

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

In N/A, China imported N/A in Iron Ore, mainly from Australia ($72.5B), Brazil ($18.2B), Canada ($1.67B), Peru ($1.47B), and South Africa ($1.36B).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow

Exports

Imports

THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR China WERE (2021 - 2022):

Japan$589M (42.8%)

Vietnam$101M (669k%)

Serbia$16.3M (585k%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY China WERE (2021 - 2022):

South Korea-$98.5M (-53.6%)

Indonesia-$35.6M (-75.4%)

Chinese Taipei-$24.1M (-3.7%)

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Change in Exports by Market (undefined - undefined)

Market Concentration

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LinePlot

StackedArea

Flow

Export

Import

Type

Value

In 2022, China's main exporting competitors in Iron Ore were:

Australia $87.9B

Brazil $30.1B

Canada $6.81B

In 2022, China's main importing competitors in Iron Ore were:

Japan $11.3B

South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Flow

Exports

Imports

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World Map

Bar Chart

TOP EXPORT POTENTIALVietnam+ $61.9M

TOP IMPORT POTENTIALIndia+ $1.09B

Iron Ore’s highest export potential is Vietnam. With an export gap of $61.9M. Iron Ore’s highest import potential is India with an import gap of $1.09B.

See methodology.

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